Former bank clerk fined and jailed for assisting loan shark

[Yuan Shao]

Former bank clerk fined and jailed for assisting loan shark

Published on Dec 17, 2012
By Khushwant Singh

SHE lost her clerk job in a bank after she was charged in September this year for assisting a loan shark.

On Monday, Lim Poh Peng, 40, lost her freedom. She was jailed for four months. As she is unable to pay the fine of $90,000, the single mother of a 15-year-old daughter, would have to serve a further 18 weeks behind bars.

Court papers said Lim started working for a loan shark in April last year as she was in financial difficulties. She was paid $1,600 a month to make electronic money transactions with ATM cards supplied to her by the loan shark.

Investigations revealed that she committed eight offences between May and September this year.

Get the full story from The Straits Times.

 

[Hudson]

Moral of the story - control one's finances and don't have any dealings with loan sharks.

Now she ended up with a bigger problem. Who is going to look after her 15 year old daughter?

Where is she going to work after here release?

 

[Leungsam]

Loan money at extremely high rates of interest and worse, unlicensed.

There is always ways to deal with financial difficulties, but not resolve to loan shark as assistant.